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Increased income disparity

The Rise of Artificial Intelligence - Future Outlooks and Emerging Risks

Allianz Global Corporate and Specialty (2018)

Sub-category
Risk Domain

Social and economic inequalities caused by widespread use of AI, such as by automating jobs, reducing the quality of employment, or producing exploitative dependencies between workers and their employers.

"While AI is predicted to bring increased GDP per capita by performing existing jobs more efficiently and compensating for a decline in the workforce, especially due to population aging, the potential substitution of many low- and middle-income jobs could bring extensive unemployment."(p. 12)

Part of Economic

Other risks from Allianz Global Corporate and Specialty (2018) (13)